How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $96,093 as of April 26, 2022, but the range typically falls between $79,987 and $117,474. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2022 Salary.com)... View full job description
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Construction Loan Manager | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Project Engineer I - Construction | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
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Skills associated with Construction Loan Officer: Loan Software, Loan Authorization, Specialty Lending
Salary estimation for Construction Loan Officer at companies like : FS BANCORP INC, LTC PROPERTIES INC, SILVERCREST ASSET MGT
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